How about a Ferrari project car?

dtw · 01-11-2007, 12:40 PM

Check out

this link to see the Ferrari I've got for sale. '83 308 GTSi QV. A friend of mine has one in mint condition and it is a really great car. This is a great project car, especially if someone can handle the bodywork and/or mechanical work themselves. This car needs significantly LESS bodywork work than my '72 911 did - this seems downright tame by comparison. If you know of anyone that'd be interested, please forward the link them. Richard - is there a board that I should post this on?

jluetjen · jluetjen's Garage

Wow. Did you allow that to happen to the car? Considering the value of the car (even in 1996 when it was parked), why would you have let it sit outside collecting water for no reason?

I'm not sure how much value the 30K mile service provides at this point since the car has been sitting for almost 10 years. Things like the cam belts would need to be replaced again anyhow.

tabs · 01-11-2007, 01:18 PM

Your link has been detected by McAfee to be a possible Phishing Website designed to gather confidential info. I just blocked it.

motion · 01-11-2007, 02:17 PM

Dave - I would try ferrariads.com. Lots of traffic there. Good luck with the sale, looks like an interesting project for someone.

dtw · 01-11-2007, 02:44 PM

Quote:

Originally posted by jluetjen
Wow. Did you allow that to happen to the car? Considering the value of the car (even in 1996 when it was parked), why would you have let it sit outside collecting water for no reason?

I'm not sure how much value the 30K mile service provides at this point since the car has been sitting for almost 10 years. Things like the cam belts would need to be replaced again anyhow.

John - no I didn't and the events leading up to the car being parked aren't relevant to it now - it is what it is. Can't turn back time.

30k service - thanks I understand that, and that is why I advise belts etc. be renewed right in the ad.

Anything else??? I think I was pretty straightforward with my disclosures.

Tabs - it is just eBay.

Richard - thanks, I'll check it out

Wrecked944 · 01-11-2007, 03:40 PM

I recommend you join ferrichat and ask them their opinions. They can tell you exactly what you will be up against in terms of parts, cost, timeetc. The F-Chat members talked me down from doing a similarly crazy project last year. They probably saved me a ton of $$$ and heartache.

dtw · 01-11-2007, 03:47 PM

Janus - I'm selling it - definitely don't need another project. I've already got one 911 in pieces and just bought two more (also in pieces) - so my 'credit' with my wife is already overextended. Tempting though - I could knock the bodywork out in a couple weekends and the mechanical issues stuff is pretty easy to fix. Parts prices, however, scare the **** out of me. Someone who can handle the paint/body and mechanicals themselves, and only has to write checks for the materials and parts, is going to get a SWEET deal on this one. Reserve is loowwww - a comparable 'mint' car went on eBay recently for about $40k - reserve on this thing is way less than half that. OK must stop, I'm talking myself back into doing it...

javadog · 01-12-2007, 04:16 AM

I have to agree with Wayne on this one. This is a parts car. It is too far gone to be financially viable as a street car and the targa roof ruins it for the track.

Not only are Ferrari parts expensive, they are getting hard to find. Things we take for granted that we can buy for a 911 aren't easy to find. Two years ago, I had a hard time finding even the simplest things, like stock OEM shocks and brake rotors for my 328. I've spent $30k on it since then and it looks new, unlike this one. Imagine what you could spend sorting out this car.

JR

dtw · 01-12-2007, 04:28 AM

Wayne/JR/Richard -
If the decision is made to break this car - any thoughts on where to sell the parts? eBay? Ferrarichat?

Parting out isn't ruled out but I'd rather try to get rid of it whole. The reserve is low enough though, on the whole car, that I'd rather let someone else deal with it. My garage runneth over...

kmhemi · 01-12-2007, 04:40 AM

I'd love to have it but the parts and maintenance cost is just too high for me to consider it.

dtw · 01-12-2007, 04:43 AM

Well I just checked my morning email - got one on the line and I'm ready to sell - anyone know how to ship a car overseas?

javadog · 01-12-2007, 04:55 AM

Dave,

I'd let the buyer sort out the shipping himself. This will weed out the scammers from a serious buyer. I'd have a real hard time believing someone would buy this car and ship it overseas. Good running cars are much cheaper on the other side of the pond. It doesn't make sense. More likely, he's a scammer.

If you part it out, ebay, Ferrarichat, Ferrari Market Letter and the Ferrari Club of America publications are where I'd advertise the parts for sale. There are a couple of places that part these things out but they will want to buy the car cheap. Italian Auto in Arizona and T. Rutlands/Maranello Auto Parts (in Georgia?) come to mind.

JR

dtw · 01-12-2007, 05:09 AM

JR - he's already said the magic words "wire transfer" and "shipping at his expense" so I think he's for real. He just asked if I'd help on this end - so maybe all I have to do is box up the bits and pieces and pat it on the rump as the truck loads it?

I'd agree about the cost scenario if this guy was in Europe - but he's an Aucklander - one of the few places where the cars might be more rare and more expensive to come by.

javadog · 01-12-2007, 05:22 AM

Dave,

Granted the cars in Australia and New Zealand have different values, as a result of their tax situation. However, do a little research on these sorts of scams. A wire transfer is not as secure as you'd think. There are ways to screw people out of the money.

Get a local phone number and address for him and call him. Do a little due diligence on the internet or with his local phone company and see if he lives where he says he does. Obtain his bank's name (don't ask for his account number) and contact the bank, to see if he does indeed have an account there. You can also usually detemine if he has the funds to buy the car by asking the bank if a check, in the amount of X dollars, will clear the account. If it all checks out, then start looking for a shipper, if you want to help him. Look in Hemmings for leads. He'll still have to arrange the details himself.

Good luck,
JR

dtw · 01-12-2007, 05:31 AM

I have researched wire transfers and it seems to be the safest means of consummating large $ transactions. The key fraud risk seems to be unauthorized ACH debits. A best practice to prevent this and any other potential fraud is to open a new account for the wire transfer, consummate the deal, sweep the money back to a main account, and close the new account. Another thing I've done in the past is conduct transactions directly with the bank - with the client standing there in the bank - but with me on the phone providing account information directly to a verified bank rep. Client never handles my personal info.

jluetjen · jluetjen's Garage

I agree, you could most likely make more parting it. I'd advertise the heck out of on the different Ferrari BBS's, but stick to my guns and make the potential buyers bid for it on Ebay. The only person to lose if you cut a side-deal will be you and your wallet. You'll discover that it's the "little things" that will make you a bunch of money...

- Gauges,
- Interior and trim pieces
- misc. drive train pieces
- Switches and electrical components (if they're working)

The engine alone is most likely worth most of what the car is whole.

fastpat · 01-12-2007, 07:28 AM

Quote:

Originally posted by dtw
Well I just checked my morning email - got one on the line and I'm ready to sell - anyone know how to ship a car overseas?

Be ready for an overseas shipping-Cashiers check scam.

dtw · 01-12-2007, 07:30 AM

Quote:

Originally posted by fastpat
Be ready for an overseas shipping-Cashiers check scam.

RTFP.

fastpat · 01-12-2007, 07:42 AM

Quote:

Originally posted by dtw
RTFP.

Yep, I saw that after I posted. I'd think that someone would buy this car as a "rescue", knowing that he'd spend way more money bringing it back to near 100% than he's ever get out of it on a sale. I can't think of any other person who'd buy it except someone totally in the dark about Ferrari's and their costs of operation/maintenance.

Parting it out is always tough, it's bad karma for a limited production car, and most of us don't like the idea of that process. You can ameliorate this somewhat by looking at it as a "heart transplant" sort of thing, one has died, furnishing parts so another may live. You can just about break even on the karma that way.

sammyg2 · 01-12-2007, 08:35 AM

How do you make a small fortune restoring Ferraris? Start with a large fortune

Seriously, let the e-bay thing run it's course, try to sell the car whole. If after all avenues are tried and you still can't sell it at a reasonable price, then part it out. The ferrari world is a small market, parting out one might take quite a while to do.